New Delhi: After MMTC, it is the turn of yet another state-run trading firm, PEC Ltd, to float a tender for import of up to 3.50 lakh tonnes (lt) of wheat on behalf of the Centre.
Delivery
PEC’s tender, issued here on Monday, has sought delivery of 65,000 tonnes at Mundra, 50,000 tonnes at Kakinada, 45,000 tonnes at Kandla, 40,000 tonnes each at Chennai, Vizag and Tuticorin, and 35,000 tonnes each at Kochi and Mumbai.
The wheat is to arrive before March 10, with the bidders required to quote on a port-wise and month-wise delivery schedule. The tender opens on December 3, with the bid offers valid till December 8.
MMTC had earlier, on November 12, floated a tender for a similar quantity. Against the tendered 3.50 lt, the company, on November 23, awarded contracts for supply of 342,500 tonnes at a weighted average price of $400.19 a tonne, cost & freight. This included 1.80 lt to the US-based Cargill and the 1.625 lt to the Swiss trader, Glencore.
Prior to this, the State Trading Corporation of India (STC) had issued two tenders on June 26 and August 30, against which it contracted 5.11 lt and 7.95 lt at an average of $325.59 and $389.45 a tonne, respectively.
During the current fiscal, the Centre has so far finalised imports of 16.485 lt through STC and MMTC. If to this, one adds the latest PEC tender for 3.5 lt and a prospective one for the same quantity by STC, total imports contracted on Government account in 2007-08 will cross 23 lt.
In 2006-07, the Centre contracted 55 lt of wheat imports - wholly through STC - at an average rate of $205.31 a tonne. Each new tender has elicited higher quotes than the preceding ones.
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